Morrisville, Lamoille County, Vermont Property Taxes
Median Morrisville, VT effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Morrisville, VT home value: $208,100
Median annual Morrisville, VT tax bill: $3,050, $650 higher than the national median property tax bill of $2,400.
How are property taxes in Lamoille calculated?
Property taxes in Morrisville, VT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Morrisville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morrisville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Morrisville, Lamoille County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.33%
Estimate Property Tax Bill
$2,768
$2,568
Property Tax Rates Across Morrisville, Lamoille County, Vermont
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is the annual process in a nutshell.
In Morrisville, located in Lamoille County, the effective property tax rate is 1.33%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Morrisville to other cities in Vermont, it stands at the same rate as the median property tax rate for the state. This alignment suggests that Morrisville's tax rate is representative of the broader trends within Vermont.
For property owners in Morrisville, understanding this tax rate and how it compares to both state and national figures is crucial for financial planning. Such insights can help property owners make informed decisions regarding property investments and manage their tax liabilities effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Morrisville Tax Rate
1.33%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lamoille County Tax Rate
2.18%
Median Effective Vermont Tax Rate
2.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Morrisville, Lamoille County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05661 | 0.51% | 0.99% | 1.33% | 2.66% | 2.66% |
Source: Ownwell
Property Tax Assessment Values Across Morrisville, Lamoille County, Vermont
When examining property taxes in Morrisville, VT, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lamoille County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Lamoille County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Morrisville.
For example, the median home price in Morrisville is $208,100, with tax bills ranging significantly across the county. Zip code 05661 has the highest median home price at $208,100.
Property Tax Assessment Values Across Morrisville, Lamoille County, Vermont
Source: Ownwell
$125,650
$285,025
$444,400
Median Morrisville Market Value
$208,100
Median Lamoille County Market Value
$219,600
Median Vermont Market Value
$199,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Morrisville, Lamoille County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05661 | $117,990 | $153,425 | $208,100 | $299,825 | $429,470 |
Source: Ownwell
Property Tax Bills Across Morrisville, Lamoille County, Vermont
In Morrisville, located in Lamoille County, Vermont, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors and reflects the market value of the property. Homeowners in Morrisville face a median property tax bill of $3,050, which is notably higher than the national median property tax bill of $2,400. The tax bill varies significantly, with the 25th percentile at $1,708 and the 90th percentile reaching $7,836, indicating a broad range of property values and tax burdens within the area.
Several factors influence the property tax bill, including changes in market conditions and local government budgets. These taxes can significantly impact homeowners, especially when tax rates rise or property values increase. By leveraging Ownwell's expertise, homeowners can potentially lower their property tax bills. Ownwell offers professional property tax appeal services, ensuring that assessments are fair and accurate. This can lead to substantial savings for homeowners, providing financial relief and ensuring that they are not overpaying on their property taxes.
Median Morrisville Tax Bill
$3,050
Median Lamoille County Tax Bill
$3,189
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across Morrisville, Lamoille County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05661 | $641 | $1,708 | $3,050 | $5,134 | $7,836 |
Source: Ownwell